Zafar Iqbal
As the Union Budget 2025 approaches, stock market experts have identified promising Public Sector Undertaking (PSU) stocks that investors should consider. These stocks are expected to benefit from budgetary allocations and government policies. Some of the top PSU stocks recommended by analysts include IRFC, IRCTC, RVNL, BEL, IRCON, IREDA, NTPC, NTPC Green, IDBI Bank, and Coal India. In this article, we analyze these stocks based on expert recommendations, their current market prices, and potential growth prospects.
Top PSU Stocks to Buy Before Budget 2025
NHPC Share Price Target
- Expert Rating: BUY (CLSA)
- Target Price: Rs 120
- Current Market Price (CMP): Rs 79 (NSE)
NHPC remains a strong candidate for investment, with analysts predicting significant growth driven by increased government investment in the power sector.
NTPC Share Price Target
- Expert Rating: OUTPERFORM (CLSA)
- Target Price: Rs 459
- CMP: Rs 323 (NSE)
NTPC continues to be a preferred choice among investors, benefiting from its stable earnings and growing focus on renewable energy initiatives.
BEL Share Price Target
- Expert Rating: BUY (Nooresh Merani, Macquarie)
- Target Price: Rs 300 – Rs 350
- CMP: Rs 293 (NSE)
Bharat Electronics Limited (BEL) has been gaining attention due to its strong order book and robust financials. Analysts believe it has significant upside potential.
Bharat Dynamics Share Price Target
- Expert Rating: BUY (Rajesh Palviya, Axis Securities)
- Target Price: Rs 1450
- Stop Loss: Rs 1160
- CMP: Rs 1,324 (BSE)
Bharat Dynamics is expected to gain from increased defense sector spending, making it a strong contender in the PSU space.
Canara Bank Share Price Target
- Expert Rating: BUY (Vaishali Parekh)
- Support Level: Rs 88
- CMP: Rs 93 (NSE)
Canara Bank has been highlighted as a key stock in the banking sector ahead of the budget, with expectations of continued government support for PSU banks.
RVNL Share Price Target
- Expert Rating: BUY (Chandan Taparia, Motilal Oswal)
- Target Price: Rs 435
- Support Level: Rs 335
RVNL has witnessed price corrections, but experts believe it has strong upside potential, making it an attractive investment before the budget.
IRCTC Share Price Target
- Expert Rating: BUY (Shivangi Sarda)
- Target Price: Rs 830 – Rs 850
- Support Level: Rs 800
- CMP: Rs 804 (NSE)
IRCTC’s consistent growth and market dominance make it a safe bet for investors, particularly given the government’s focus on railway infrastructure development.
IRFC Share Price Target
- Expert Rating: TRADE WITH CAUTION (Kkunal Parar)
- Target Price: Rs 156 – Rs 159
- Stop Loss: Rs 127
- CMP: Rs 150
While IRFC is showing volatile movements, analysts predict moderate gains for short-term traders.
IRCON Share Price Target
- Expert Rating: HOLD (Dhwani Shah Patel, Finversify)
- Target Price: Rs 290 – Rs 300 (if resistance is crossed at Rs 230-235)
- CMP: Rs 217 (NSE)
IRCON’s performance remains steady, with a potential rally if key resistance levels are broken.
REC Share Price Target
- Expert Rating: BUY (Sunny Agrawal, SBI Securities)
- Target Price: Rs 500
- CMP: Rs 451 (NSE)
REC’s growth prospects remain strong due to government initiatives in the power sector.
IREDA Share Price Target
- Expert Rating: HOLD (Kkunal Parar)
- Target Price: Rs 280 – Rs 300
- CMP: Rs 202 (NSE)
With India’s renewable energy sector receiving increased investment, IREDA remains a stock to watch post-budget.
NTPC Green Energy Share Price Target
- Expert Rating: BUY (Rachit Khandelwal)
- CMP: Rs 115 (NSE)
NTPC Green Energy is one of the top picks for investors looking to capitalize on the government’s push for clean energy.
IDBI Bank Share Price Target
- Expert Rating: POTENTIAL UPSIDE (Kkunal Parar, Choice Equity Broking)
- Target Price: Rs 100
- Support Level: Rs 70
- CMP: Rs 82 (NSE)
IDBI Bank’s restructuring and government backing make it a promising stock with potential gains.
Coal India Share Price Target
- Expert Rating: WATCH FOR BREAKOUT (Shivani Sarda)
- Target Price: Rs 420 (once Rs 390 – Rs 400 zone is crossed)
- CMP: Rs 390 (NSE)
Coal India has been under selling pressure, but a breakout beyond Rs 400 could signal a strong rally.
Specification Table
| Stock Name | Expert Rating | Target Price | CMP (NSE/BSE) | Support Level | Key Insights |
| NHPC | BUY (CLSA) | Rs 120 | Rs 79 | N/A | Strong power sector play |
| NTPC | OUTPERFORM (CLSA) | Rs 459 | Rs 323 | N/A | Renewable energy focus |
| BEL | BUY (Macquarie) | Rs 300-350 | Rs 293 | N/A | Strong order book |
| Bharat Dynamics | BUY (Axis Sec.) | Rs 1450 | Rs 1,324 | Rs 1160 | Defense sector growth |
| Canara Bank | BUY (V. Parekh) | N/A | Rs 93 | Rs 88 | PSU bank focus |
| RVNL | BUY (M. Oswal) | Rs 435 | N/A | Rs 335 | Railway sector boost |
| IRCTC | BUY (S. Sarda) | Rs 830-850 | Rs 804 | Rs 800 | Railway tourism leader |
| IRFC | TRADE CAUTIOUSLY | Rs 156-159 | Rs 150 | Rs 127 | Volatility concerns |
| IRCON | HOLD (Finversify) | Rs 290-300 | Rs 217 | Rs 180 | Potential breakout |
| REC | BUY (SBI Sec.) | Rs 500 | Rs 451 | N/A | Power sector investment |
| IREDA | HOLD (K. Parar) | Rs 280-300 | Rs 202 | N/A | Renewable energy play |
| NTPC Green Energy | BUY (R. Khandelwal) | N/A | Rs 115 | N/A | Green energy growth |
| IDBI Bank | POTENTIAL UPSIDE | Rs 100 | Rs 82 | Rs 70 | Government-backed growth |
| Coal India | WATCH FOR BREAKOUT | Rs 420 | Rs 390 | Rs 360 | Potential rally |
Conclusion
As Budget 2025 nears, investors are closely monitoring PSU stocks, anticipating favorable policy announcements. Experts have highlighted key stocks across banking, energy, defense, and infrastructure sectors, each with growth potential. Investors should conduct thorough research and consider expert advice before making any financial decisions.
